Understand your financial necessity

       Let’s understand human needs in today’s world. Now, human lives longer than before due to medical advancement and treatments given to all sorts of health problems. So, there is a need to have money for such lengthy life for both survival and lead a good life with at least moderate standard of living.

     In such a lengthy life we must have money which beats inflation and provides enough to lead a decent living.

     There are always uncertainties like death, possible disability, which may put dependents and self in a situation where income stops and worry starts and life becomes painful.

As per my observation there are mainly 2 types of expenses in a broader classification.

1. Regular monthly expense to survive with decent standard of living.

2. Bulk expense in many stages of life which are inevitable and needs big savings.

 

1. Regular expense can be listed as below as an example. These are needed for survival

A.  Monthly Grocery

B.  Vegetables/Fruits

C.  Petrol/Diesel

D.  Mobile/Landline/Internet

E.  Servant salary

F.  Milk

G. Electricity/Water

H. Gas Cylinder

I.   Cable TV

J.   Ironing

K.  News paper…..etc

 

2. Bulk expense may as below for any responsible person which demands bigger amount money.

A. Marriage

B. Lease/Rent a home

C. Set up home             

D. Buy a car/Two wheeler

E.  Build/Buy a house

F.  Children’s education

G. Children’s marriage

H. Savings for retirements

I.   Emergency Health care ….etc

 

             Providing regular monthly needs to all the members of family keeping their needs, entertainment, desires, ambitions, it is a bit challenging due to cost of living of all above.  so, savings also becomes challenging for future bulk expense like marriage, buying/building house, buying car, children’s education, marriage, retirement, medical emergency etc.

 

            "These situations put necessity to have financial plan for such lengthy list of unavoidable life events and expenses to be able to manage them efficiently. Otherwise they become burden with more pain by opting for loans with interest to pay"

 

           Keeping all above in mind I have experienced that LIC of India provides unbelievable and most exciting plans and combination to cater all above needs, Its highly recommended to start planning early in life as money need time to grow.

         Don’t ignore and keep postponing which may cost you a lot like money, peace of mind and financial security.  

        Call us for appointment to plan right today and cater your needs so that you and your family live with peace of mind.

      Call us @ 9901422522, Bengaluru.  Mail id: Swetha.Tejasvi@gmail.com